24 Mill Street
Bayfield, CO 81122

Description

Mixed use building and property on Mill Street in beautiful down town Bayfield. There are two apartments that have leases as of June 1, 2018. One lease is a two lease and the other is a one year lease. The two leases provide income of $1,300.00 per month and the tenants pay the electric and natural gas costs. Building is approx. 2,032 sq ft setting on approx. 0.198 acre. A large back yard that opens into the ally for an entrance that will allow for expansion of the building or a large garage/workshop. Open floor plan that has many possibilities. There are two apartments that are rented which will be good extra revenue and assist in paying a mortgage. There are many possibilities for this mixed use lot, retail, professional, commercial, apartment building, light assembly, etc. A buyer could build additional stories to the building and expand it into the open back yard space that could generate multiple income possibilities. There is a possible opportunity to build a several complex with an additional hundreds of square feet of revenue generating space.

Details

MLS#736703
Sub-TypeResale
StatusActive
Year1911
Days On Site283

Features

SQ Feet2,032
Story(s)1
Units1
ZoningCommercial/Mixed Use

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Area Information

StateCO
CityBayfield
Zip Code81122
AreaBayfield In Town
Listing VS Median (in 81122)
Price:
$189,000
low | high
Med:
$289,000
2.910052910053% of Average
SqFt:
2,032
low | high
Med:
1,998
51.673228346457% of Average
$ / SqFt:
$93
low | high
Med:
$145
5.512125882497% of Average
On Site:
283
low | high
Med:
33
100% of Average
Listing Updated: 05/25/2018
MLS Number: 736703
Listing Provided By:
Victor Schultheiss  of  The Wells Group of Durango Inc.



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